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Nissan plans to invest an extra $1.4 billion in China by 2026 as it launches 10 new energy vehicles, aiming to recover from declining sales and catch up with faster-moving local competitors.
Nissan Motor will invest an additional 10 billion yuan ($1.4 billion) in its China operations by the end of 2026, according to Stephen Ma, the automaker’s China chief. Speaking at the Shanghai auto show, Ma outlined the company’s strategy to reverse its recent decline in sales, including the launch of around 10 new vehicles in the coming years.
Acknowledging Nissan's slow response to the rapidly evolving Chinese market, Ma praised the agility of local competitors. "The Chinese brands were too fast, to be honest. They were exceptional in how fast they moved," he said during a roundtable interview.
Nissan sold fewer than 700,000 vehicles in China in 2024, down more than 50% compared to four years earlier. The weak performance in its second-largest market forced the company to lower its global sales forecast for the fiscal year that ended in March.
To boost its competitiveness, Nissan presented several new models at the Shanghai event. Among them were its first plug-in hybrid, the Frontier Pro pickup, and the production version of the N7, a battery electric sedan developed with local partner Dongfeng, which is set to go on sale this month.
The automaker also revised its target for new energy vehicles in China, raising it to 10 models by the summer of 2027, up from a previous goal of eight by the end of 2025. “We were always being criticised for being late to the plug-in hybrid trend, but now we have the first one. And we wanted to do something special with it,” Ma said.
The success of Nissan’s turnaround, Ma noted, will ultimately be reflected in sales and share performance. He added that the company’s new CEO, Ivan Espinosa, who replaced Makoto Uchida in March, has placed strong emphasis on rapid execution. “He for sure put a huge objective on me: fast, fast, fast, fast,” Ma said.
Espinosa was not present at the show, while Uchida, who remains on Nissan’s board until June, joined Ma for a private meeting at the company’s booth.
Reliable sources have confirmed to AnewZ that the United States has asked Azerbaijan to join a Stabilisation Force in Gaza, as part of a proposed international mission to secure the territory.
Centrist liberal party D66, led by 38-year-old Rob Jetten, has made sweeping gains in the Dutch election, emerging neck and neck with Geert Wilders’ far-right Freedom Party (PVV) in early results — a stunning reversal just two years after D66 ranked sixth.
U.S. President Donald Trump agreed with President Xi Jinping to trim tariffs on China in exchange for Beijing cracking down on the illicit fentanyl trade, Trump said.
Ukrainian President Volodymyr Zelenskyy said on Wednesday that the most difficult situation on the front line remains the eastern city of Pokrovsk, where fighting continues to be most intense due to a strong concentration of Russian forces.
Tanzanian police fired tear gas and live rounds on Thursday to disperse protesters in Dar es Salaam and other cities, a day after a disputed election marked by violence and claims of political repression, witnesses said.
U.S. stocks were mixed late Wednesday as traders digested comments from Federal Reserve Chair Jerome Powell, who signaled that another interest rate cut in December is far from guaranteed. The Dow Jones Industrial Average and S&P 500 edged slightly lower, while the Nasdaq climbed on continued gains
U.S. chipmaker Nvidia has made history by becoming the first company in the world to reach a market value of 5 trillion dollars, driven by soaring demand for artificial intelligence technologies.
Nokia announced on Tuesday that chipmaker Nvidia will acquire a $1 billion stake in the company.
Türkiye’s main stock index, BIST 100, closed on Friday at 10,941.79 points, recording a 3.14% increase.
Türkiye has emerged as Europe’s largest steel producer and the world’s seventh largest in the first eight months of 2025, producing 36.9 million tonnes last year, according to sector officials.
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